As it was noted that there is an increase in life expectancy, a need for Adult Day Care Centers was identified. While estimating the budget for the first year at approximately $810,000, with a minimum of 25 patients/ day, it was calculated that a break-even point will not be reached, at the earliest, for 1.25 years. Key marketing strategies must be effective to attract a greater number of patients. With advertising, as well as a greater volume of patients, profits will likely increase. The healthcare business of an Adult Day Care Centers will prove to be a sound investment, as proof indicates that the population is aging. While contemplating a healthcare business, the skill of devising a business plan was instrumental in assessing if the implementation of an Adult Day Care Center would be profitable.
Link to video presentation: https://www.youtube.com/watch?v=DeSy-deuUAY
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